VanEck Steel ETF
ALTAR
Score™		 15.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 15.3x P/Sales
ratio		 0.7x
P/BV
ratio		 1.0x Div.
yield		 3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Steel Index Fund seeks investment results that correspond to the price and yield of the Amex Steel Index.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Oct 10, 2006
Assets (mns) $88
Currency USD
Expense ratio 56 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $21,928
Large cap (>$10bn) 50.5%
Mid cap ($2-10bn) 28.4%
Small cap (<$2bn) 11.9%
Developed mkts 81.2%
Emerging mkts 18.8%

TOP TEN HOLDINGS
RIO TINTO PLC-SPON ADR 10.7 %
VALE SA-SP ADR 8.6 %
CLEVELAND-CLIFFS INC 6.6 %
NUCOR CORP 5.8 %
WORTHINGTON STEEL, INC. 5.5 %
ARCELORMITTAL SA ADR 5.3 %
WARRIOR MET COAL, INC. 5.1 %
COMMERCIAL METALS CO 5.0 %
POSCO-ADR 4.9 %
TERNIUM SA-SPONSORED ADR 4.8 %
Total 62.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 51.9 %
BRAZIL 16.7 %
LUXEMBOURG 14.7 %
BRITAIN 10.7 %
SOUTH KOREA 4.9 %
CANADA 0.6 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
21.6% 6.7% 22.3% 14.7% 5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.29 49%
MSCI EAFE 1.34 60%
MSCI Emg. Mkts. 1.12 45%

Technical Indicators
Recent close $71.53
30d moving avg. $69.81
Annualized volatility 28.1%
Short interest (ETF) 1.8%
Short interest (Underlying) 4.9%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.6%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $1,035

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 465 potential alternatives to the VanEck Steel ETF ETF based on the alternatives' overlap in portfolio holdings with SLX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SLX Expense: 56 bp ALTAR Score™: 15.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SLX
Ticker Fund
Name		 Overlap1
vs SLX
(%)		 Expense
ratio
(bp)		 Savings
vs SLX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SLX
(%)
XME SPDR S&P Metals & Mining ETF 32.5 35 21 7.0 -8.0
PYZ Invesco Dorsey Wright Basic Materials Momentum ETF 14.0 60 -4 6.1 -9.0
EV Mast Global Battery Recycling & Production ETF 13.9 65 -9 10.5 -4.5
FXZ First Trust Materials AlphaDEX Fund 13.1 61 -5 9.8 -5.2
IYM iShares U.S. Basic Materials ETF 10.9 40 16 6.0 -9.0
ILF iShares Latin America 40 ETF 8.6 48 8 12.6 -2.4
PICK iShares MSCI Global Metals & Mining Producers ETF 8.6 39 17 12.3 -2.7
FMAT Fidelity MSCI Materials Index ETF 8.4 8 48 6.1 -8.9
RSPM Invesco S&P 500 Equal Weight Materials ETF 8.3 40 16 7.7 -7.3
PAVE Global X U.S. Infrastructure Development ETF 8.0 47 9 5.3 -9.8
PSCM Invesco S&P SmallCap Materials ETF 7.7 29 27 12.7 -2.3
HWAY Themes US Infrastructure ETF 7.4 29 27 6.2 -8.9
VAW Vanguard Materials ETF 7.0 9 47 6.1 -9.0
XLB Materials Select Sector SPDR Fund 7.0 8 48 6.3 -8.7
ZIG Acquirers Fund 6.5 84 -28 18.1 +3.1
IFRA iShares U.S. Infrastructure ETF 6.4 30 26 6.5 -8.5
CCSO Carbon Collective Climate Solutions US Equity ETF 6.0 35 21 1.0 -14.0
BRAZ Global X Brazil Active ETF 5.8 75 -19 12.5 -2.5
HAP VanEck Natural Resources ETF 5.6 50 6 9.3 -5.7
LYLD Cambria Large Cap Shareholder Yield ETF 5.3 59 -3 9.4 -5.6
NANR SPDR S&P North American Natural Resources ETF 5.2 35 21 7.7 -7.3
OIH VanEck Oil Services ETF 4.6 35 21 4.8 -10.2
GNR SPDR S&P Global Natural Resources ETF 4.2 40 16 10.9 -4.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 3.8 35 21 5.3 -9.7
ICOP iShares Copper and Metals Mining ETF 3.8 47 9 8.0 -7.0
MXI iShares Global Materials ETF 3.7 41 15 7.5 -7.6
RBLD First Trust Alerian US NextGen Infrastructure ETF 3.6 65 -9 4.9 -10.1
RFV Invesco S&P Midcap 400 Pure Value ETF 3.6 35 21 12.9 -2.2
SYLD Cambria Shareholder Yield ETF 3.5 59 -3 11.6 -3.4
RSHO Tema American Reshoring ETF 3.4 75 -19 4.5 -10.5
CNRG SPDR S&P Kensho Clean Power ETF 3.4 45 11 1.0 -14.0
GRPZ Invesco S&P SmallCap 600 GARP ETF 3.3 35 21 7.3 -7.8
AVMV Avantis U.S. Mid Cap Value ETF 3.2 20 36 8.6 -6.4
KONG Formidable Fortress ETF 3.0 89 -33 6.0 -9.0
WTV WisdomTree US Value Fund of Benef Interest 3.0 12 44 8.9 -6.2
HAPY Harbor Human Capital Factor Unconstrained ETF 2.9 50 6 5.6 -9.4
MAKX ProShares S&P Kensho Smart Factories ETF 2.9 58 -2 -1.4 -16.4
AVIE Avantis  Inflation Focused Equity ETF 2.9 25 31 7.3 -7.7
XAR SPDR S&P Aerospace & Defense ETF 2.8 35 21 2.0 -13.0
SIXS ETC 6 Meridian Small Cap Equity ETF 2.6 89 -33 9.7 -5.3
TPHD Timothy Plan High Dividend Stock ETF 2.5 52 4 7.1 -8.0
TPHE Timothy Plan High Dividend Stock Enhanced ETF 2.5 54 2 7.1 -8.0
XMMO Invesco S&P MidCap Momentum ETF 2.5 34 22 5.5 -9.5
PSC Principal U.S. Small-Cap ETF 2.5 38 18 6.8 -8.2
PDP Invesco Dorsey Wright Momentum ETF 2.4 62 -6 3.8 -11.2
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 2.4 60 -4 9.1 -5.9
SURE AdvisorShares Insiders Advantage ETF 2.3 90 -34 9.5 -5.5
LSAF LeaderShares AlphaFactor US Core Equity ETF 2.3 75 -19 7.3 -7.8
RWK Invesco S&P MidCap 400 Revenue ETF 2.3 39 17 9.3 -5.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 2.2 60 -4 10.5 -4.5
MAGA Point Bridge America First ETF 2.0 72 -16 5.7 -9.3
ROSC Hartford Multifactor Small Cap ETF 2.0 34 22 9.2 -5.8
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 39 17 3.3 -11.7
IJJ iShares S&P Mid-Cap 400 Value ETF 1.9 18 38 8.7 -6.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.9 29 27 8.2 -6.8
FTA First Trust Large Cap Value AlphaDEX Fund 1.9 59 -3 8.9 -6.1
VRAI Virtus Real Asset Income ETF 1.9 55 1 10.1 -4.9
WCEO Hypatia Women CEO ETF 1.9 85 -29 3.8 -11.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 1.9 10 46 8.8 -6.2
MDYV SPDR S&P 400 Mid Cap Value ETF 1.9 15 41 8.7 -6.3
AVUV Avantis U.S. Small Cap Value ETF 1.9 25 31 9.7 -5.3
TMDV ProShares Russell US Dividend Growers ETF 1.8 35 21 6.5 -8.6
XJH iShares ESG Screened S&P Mid-Cap ETF 1.8 12 44 7.0 -8.0
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 1.8 35 21 7.1 -7.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 1.8 47 9 8.9 -6.1
FESM Fidelity Enhanced Small Cap ETF 1.8 28 28 7.2 -7.8
SMAP Amplify Small-Mid Cap Equity ETF 1.7 60 -4 5.6 -9.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 1.7 15 41 7.2 -7.8
NUSC Nuveen ESG Small-Cap ETF 1.7 31 25 5.3 -9.7
MDY SPDR S&P Midcap 400 ETF Trust 1.7 24 32 7.1 -7.9
IJH iShares Core S&P Mid-Cap ETF 1.7 5 51 7.3 -7.7
ONEY SPDR Russell 1000 Yield Focus ETF 1.7 20 36 9.5 -5.5
IVOO Vanguard S&P Mid-Cap 400 ETF 1.6 7 49 7.4 -7.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 1.6 3 53 7.3 -7.7
DINT Davis Select International ETF 1.6 55 1 7.9 -7.2
DSTL Distillate US Fundamental Stability & Value ETF 1.6 39 17 8.2 -6.8
PKW Invesco Buyback Achievers ETF 1.6 62 -6 7.1 -7.9
SQLV Royce Quant Small-Cap Quality Value ETF 1.6 60 -4 9.3 -5.7
JMEE JPMorgan Market Expansion Enhanced Equity ETF 1.5 24 32 7.7 -7.4
NOBL ProShares S&P 500 Dividend Aristocrats ETF 1.5 35 21 6.1 -8.9
NUMV Nuveen ESG Mid-Cap Value ETF 1.5 31 25 6.9 -8.1
ION ProShares S&P Global Core Battery Metals ETF 1.5 58 -2 9.4 -5.6
BIBL Inspire 100 ETF 1.5 35 21 5.1 -9.9
SCHM Schwab U.S. Mid-Cap ETF 1.5 4 52 6.6 -8.5
DFSV Dimensional US Small Cap Value ETF 1.5 31 25 10.0 -5.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 1.5 24 32 8.0 -7.0
FDLS Inspire Fidelis Multi Factor ETF 1.5 76 -20 5.0 -10.0
IJK iShares S&P Mid-Cap 400 Growth ETF 1.5 17 39 5.8 -9.2
AVLV Avantis U.S. Large Cap Value ETF 1.4 15 41 7.8 -7.3
VFVA Vanguard U.S. Value Factor ETF 1.4 13 43 10.8 -4.2
GRPM Invesco S&P MidCap 400 GARP ETF 1.4 35 21 7.5 -7.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.4 7 49 6.0 -9.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 1.4 10 46 6.0 -9.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 1.4 15 41 5.9 -9.2
ITA iShares U.S. Aerospace & Defense ETF 1.3 40 16 2.0 -13.0
RNSC Furst Trust Small Cap US Equity Select ETF 1.3 60 -4 6.0 -9.0
MDLV Morgan Dempsey Large Cap Value ETF 1.3 58 -2 7.4 -7.6
EQAL Invesco Russell 1000 Equal Weight ETF 1.3 20 36 6.8 -8.3
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.3 25 31 7.8 -7.2
BRIF FIS Bright Portfolios Focused Equity ETF 1.2 65 -9 4.8 -10.2
AVMC Avantis U.S. Mid Cap Equity ETF 1.2 18 38 6.9 -8.2
AVES Avantis Emerging Markets Value ETF 1.2 36 20 10.8 -4.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.2 70 -14 2.8 -12.2
REVS Columbia Research Enhanced Value ETF 1.2 19 37 7.6 -7.5
PRAY FIS Christian Stock Fund 1.2 69 -13 5.1 -9.9
APIE ActivePassive International Equity ETF 1.1 45 11 7.4 -7.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 1.1 18 38 7.6 -7.4
SMLF iShares U.S. SmallCap Equity Factor ETF 1.1 15 41 5.8 -9.2
FAB First Trust Multi Cap Value AlphaDEX Fund 1.1 67 -11 9.8 -5.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.1 35 21 10.0 -5.0
FEX First Trust Large Cap Core AlphaDEX Fund 1.1 59 -3 5.8 -9.2
AFSM First Trust Active Factor Small Cap ETF 1.1 75 -19 7.5 -7.5
JHSC John Hancock Multifactor Small Cap ETF 1.1 42 14 6.6 -8.4
DSMC Distillate Small/Mid Cash Flow ETF 1.1 55 1 11.9 -3.1
VSDA VictoryShares Dividend Accelerator ETF 1.1 35 21 7.1 -8.0
KOMP SPDR S&P Kensho New Economies Composite ETF 1.1 20 36 2.5 -12.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 1.1 15 41 4.6 -10.4
VBR Vanguard Small Cap Value ETF 1.1 7 49 9.0 -6.0
KRMA Global X Conscious Companies ETF 1.1 43 13 5.8 -9.2
RPV Invesco S&P 500 Pure Value ETF 1.0 35 21 10.3 -4.8
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 17 10.7 -4.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.0 20 36 5.5 -9.5
TPLC Timothy Plan Fund Timothy Plan US Large/Mid Cap Core Fund 1.0 52 4 5.6 -9.5
TPLE Timothy Plan Us Large/Mid Cap Core Enhanced ETF 1.0 58 -2 5.5 -9.5
VFMF Vanguard U.S. Multifactor ETF 1.0 18 38 7.8 -7.2
ISMD Inspire Small/Mid Cap ETF 1.0 54 2 5.5 -9.5
JHMM John Hancock Multifactor Mid Cap ETF 1.0 42 14 6.3 -8.7
IWN iShares Russell 2000 Value ETF 1.0 24 32 7.3 -7.8
STXM Strive Mid-Cap ETF 1.0 18 38 6.1 -8.9
VTWV Vanguard Russell 2000 Value ETF 1.0 10 46 7.3 -7.7
HAIL SPDR S&P Kensho Smart Mobility ETF 1.0 45 11 0.4 -14.6
DFAT Dimensional U.S. Targeted Value ETF 1.0 28 28 9.2 -5.8
CVY Invesco Zacks Multi-Asset Income ETF 1.0 106 -50 12.2 -2.8
LIVR Intelligent Livermore ETF 1.0 69 -13 5.3 -9.7
DVYE iShares Emerging Markets Dividend ETF 1.0 49 7 18.2 +3.2
SNPD Xtrackers S&P ESG Dividend Aristocrats ETF 1.0 15 41 7.5 -7.5
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.0 33 23 8.6 -6.5
IWS iShares Russell Mid-Cap Value ETF 1.0 23 33 6.7 -8.3
GOP Unusual Whales Subversive Republican Trading ETF 0.9 50 6 5.5 -9.5
ISCG iShares Morningstar Small-Cap Growth ETF 0.9 6 50 2.9 -12.1
VB Vanguard Small-Cap ETF 0.9 5 51 6.1 -8.9
PPA Invesco Aerospace & Defense ETF 0.9 58 -2 2.5 -12.5
DRIV Global X Autonomous & Electric Vehicles ETF 0.9 68 -12 5.0 -10.0
TPSC Timothy Plan US Small Cap Core ETF 0.9 52 4 6.8 -8.2
CCMG CCM Global Equity ETF 0.9 34 22 8.4 -6.7
PY Principal Value ETF 0.9 15 41 7.2 -7.8
DFEV Dimensional Emerging Markets Value ETF 0.9 43 13 13.0 -2.0
SCHA Schwab U.S. Small-Cap ETF 0.9 4 52 5.9 -9.2
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.9 35 21 7.7 -7.3
QGRO American Century U.S. Quality Growth ETF 0.9 29 27 3.5 -11.5
DFAS Dimensional U.S. Small Cap ETF 0.9 26 30 6.4 -8.6
IMCV iShares Morningstar Mid-Cap Value ETF 0.9 6 50 8.0 -7.0
SPVM Invesco S&P 500 Value with Momentum ETF 0.9 39 17 7.5 -7.6
FYT First Trust Small Cap Value AlphaDEX Fund 0.9 73 -17 10.5 -4.5
BLES Inspire Global Hope ETF 0.9 61 -5 6.8 -8.2
SPVU Invesco S&P 500 Enhanced Value ETF 0.9 13 43 10.0 -5.0
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.9 43 13 6.1 -8.9
MGMT Ballast Small/Mid Cap ETF 0.8 110 -54 8.2 -6.8
ROUS Hartford Multifactor US Equity ETF 0.8 19 37 7.0 -8.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 17 5.3 -9.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.8 4 52 5.9 -9.1
VOE Vanguard Mid-Cap Value ETF 0.8 7 49 7.6 -7.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 0.8 19 37 6.3 -8.7
EZM WisdomTree U.S. MidCap Fund 0.8 38 18 9.0 -6.0
DFLV Dimensional US Large Cap Value ETF 0.8 22 34 7.7 -7.3
AFMC First Trust Active Factor Mid Cap ETF 0.8 65 -9 8.3 -6.8
IPAV Global X Infrastructure Development ex-U.S. ETF 0.8 55 1 7.7 -7.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.8 17 39 5.6 -9.4
DON WisdomTree U.S. MidCap Dividend Fund 0.8 38 18 8.8 -6.2
VBK Vanguard Small-Cap Growth ETF 0.8 7 49 1.9 -13.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 0.8 30 26 13.0 -2.0
XSVM Invesco S&P SmallCap Value with Momentum ETF 0.8 36 20 10.5 -4.5
AVEM Avantis Emerging Markets Equity ETF 0.8 33 23 8.5 -6.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 0.8 60 -4 7.4 -7.6
FFOX FundX Future Fund Opportunities ETF 0.8 100 -44 4.2 -10.8
SPHB Invesco S&P 500 High Beta ETF 0.8 25 31 4.6 -10.4
ALTL Pacer Lunt Large Cap Alternator ETF 0.8 60 -4 4.2 -10.8
SVAL iShares US Small Cap Value Factor ETF 0.8 20 36 10.2 -4.8
STXK Strive Small-Cap ETF 0.8 18 38 5.8 -9.2
IWR iShares Russell Midcap ETF 0.8 19 37 5.7 -9.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.7 20 36 6.9 -8.1
YALL God Bless America ETF 0.7 65 -9 3.6 -11.4
VXF Vanguard Extended Market ETF 0.7 5 51 4.6 -10.4
AVSC Avantis U.S Small Cap Equity ETF 0.7 25 31 5.6 -9.4
ISCB iShares Morningstar Small-Cap ETF 0.7 4 52 6.2 -8.8
SDY SPDR S&P Dividend ETF 0.7 35 21 6.6 -8.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.7 25 31 8.2 -6.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.7 4 52 6.1 -8.9
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 12 12.0 -3.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.7 65 -9 7.9 -7.1
USCF Themes US Cash Flow Champions ETF 0.7 29 27 8.7 -6.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.7 53 3 7.8 -7.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.7 39 17 9.6 -5.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 0.7 9 47 6.1 -8.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.7 35 21 4.1 -10.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.7 20 36 7.6 -7.4
PSCI Invesco S&P SmallCap Industrials ETF 0.7 29 27 5.1 -9.9
VLUE iShares MSCI USA Value Factor ETF 0.7 15 41 9.4 -5.6
IUS Invesco RAFI Strategic US ETF 0.7 19 37 6.8 -8.2
FSMD Fidelity Small-Mid Multifactor ETF 0.7 15 41 7.0 -8.0
DEUS Xtrackers Russell US Multifactor ETF 0.7 17 39 7.0 -8.0
AVUS Avantis U.S. Equity ETF 0.7 15 41 5.7 -9.3
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.7 15 41 7.9 -7.2
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.7 30 26 8.2 -6.8
PTL Inspire 500 ETF 0.7 9 47 5.1 -9.9
LGCF Themes US Cash Flow Champions ETF 0.6 30 26 8.3 -6.8
SMMD iShares Russell 2500 ETF 0.6 15 41 6.1 -8.9
DES WisdomTree U.S. SmallCap Dividend Fund 0.6 38 18 9.2 -5.8
GINX SGI Enhanced Global Income ETF 0.6 98 -42 7.0 -8.0
ULVM VictoryShares US Value Momentum ETF 0.6 20 36 7.2 -7.8
FELV Fidelity Enhanced Large Cap Value ETF 0.6 18 38 6.7 -8.3
XSHQ Invesco S&P SmallCap Quality ETF 0.6 29 27 7.1 -7.9
RECS Columbia Research Enhanced Core ETF 0.6 15 41 5.6 -9.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.6 80 -24 7.8 -7.2
JVAL JPMorgan U.S. Value Factor ETF 0.6 12 44 8.0 -7.0
SHUS Syntax Stratified U.S. Total Market Hedged ETF 0.6 65 -9 6.4 -8.6
SSPY Syntax Stratified LargeCap ETF 0.6 30 26 6.7 -8.3
AVSU Avantis Responsible U.S. Equity ETF 0.6 15 41 5.9 -9.1
VLU SPDR S&P 1500 Value Tilt ETF 0.6 12 44 7.4 -7.7
TEMP JPMorgan Climate Change Solutions ETF 0.6 49 7 5.8 -9.2
FDWM Fidelity Women's Leadership ETF 0.6 59 -3 4.8 -10.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.6 25 31 7.2 -7.8
DFUV Dimensional US Marketwide Value ETF 0.6 22 34 7.5 -7.5
FRDM Freedom 100 Emerging Markets ETF 0.6 49 7 8.2 -6.8
CFA VictoryShares US 500 Volatility Wtd ETF 0.6 35 21 5.9 -9.1
CFO VictoryShares US 500 Enhanced Volatility Wtd ETF 0.6 40 16 5.8 -9.2
NULV Nuveen ESG Large-Cap Value ETF 0.6 26 30 6.3 -8.7
SIZE iShares MSCI USA Size Factor ETF 0.6 15 41 6.1 -9.0
FNDX Schwab Fundamental US Large Co. Index ETF 0.6 25 31 7.1 -7.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.6 15 41 7.8 -7.2
IMCB iShares Morningstar Mid-Cap ETF 0.6 4 52 6.0 -9.0
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.6 15 41 4.9 -10.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 -4 7.3 -7.8
SFYX SoFi Next 500 ETF 0.6 0 56 5.7 -9.3
CGGR Capital Group Growth ETF 0.6 39 17 3.1 -11.9
EUSA iShares MSCI USA Equal Weighted ETF 0.5 9 47 6.1 -8.9
DXUV Dimensional US Vector Equity ETF 0.5 28 28 6.2 -8.9
CGDG Capital Group Dividend Growers ETF 0.5 47 9 6.2 -8.8
RSSL Global X Russell 2000 ETF 0.5 8 48 4.3 -10.7
ISCV iShares Morningstar Small Cap Value ETF 0.5 6 50 9.2 -5.8
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 26 7.7 -7.3
FMDE Fidelity Enhanced Mid Cap ETF 0.5 23 33 5.7 -9.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.5 29 27 6.3 -8.7
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 36 4.6 -10.5
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 0.5 35 21 5.9 -9.1
FENI Fidelity Enhanced International ETF 0.5 28 28 6.5 -8.5
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.5 60 -4 5.3 -9.7
IWM iShares Russell 2000 ETF 0.5 19 37 4.3 -10.8
VTWO Vanguard Russell 2000 ETF 0.5 7 49 4.3 -10.7
DGRS WisdomTree US Smallcap Quality Dividend Growth Fund 0.5 38 18 9.8 -5.2
FYX First Trust Small Cap Core AlphaDEX Fund 0.5 61 -5 5.9 -9.1
FBCG Fidelity Blue Chip Growth ETF 0.5 59 -3 2.8 -12.2
DIVB iShares Core Dividend ETF 0.5 5 51 8.1 -6.9
SFLO VictoryShares Small Cap Free Cash Flow ETF 0.5 49 7 11.3 -3.8
VO Vanguard Mid-Cap ETF 0.5 4 52 5.7 -9.3
IJS iShares S&P Small-Cap 600 Value ETF 0.5 18 38 9.7 -5.4
SPEM SPDR Portfolio Emerging Markets ETF 0.5 7 49 10.4 -4.6
IJR iShares Core S&P Small Cap ETF 0.5 6 50 7.6 -7.4
STXV Strive 1000 Value ETF 0.5 18 38 7.9 -7.1
RODE Hartford Multifactor Diversified International ETF 0.5 29 27 11.4 -3.6
DEEP Roundhill Acquirers Deep Value ETF 0.4 80 -24 16.9 +1.9
AVDE Avantis International Equity ETF 0.4 23 33 7.3 -7.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 38 5.5 -9.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.4 10 46 9.7 -5.3
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF 0.4 60 -4 3.9 -11.1
FVD First Trust Value Line Dividend Index Fund 0.4 65 -9 6.3 -8.7
JHML John Hancock Multifactor Large Cap ETF 0.4 29 27 5.3 -9.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.4 7 49 7.6 -7.4
GLOF iShares Global Equity Factor ETF 0.4 20 36 6.4 -8.6
SLYV SPDR S&P 600 Small Cap Value ETF 0.4 15 41 9.7 -5.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 39 5.5 -9.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 46 5.6 -9.4
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.4 3 53 7.6 -7.4
FVAL Fidelity Value Factor ETF 0.4 15 41 6.8 -8.2
RSP Invesco S&P 500 Equal Weight ETF 0.4 20 36 6.6 -8.4
LRGF iShares U.S. Equity Factor ETF 0.4 8 48 5.3 -9.7
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 41 5.5 -9.5
RDVY First Trust Rising Dividend Achievers ETF 0.4 50 6 6.8 -8.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.4 9 47 4.2 -10.8
PRF Invesco FTSE RAFI US 1000 ETF 0.4 39 17 6.7 -8.3
EES WisdomTree U.S. SmallCap Fund 0.4 38 18 8.7 -6.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 26 9.0 -6.0
AFLG First Trust Active Factor Large Cap ETF 0.4 55 1 6.3 -8.8
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 31 5.6 -9.4
IWC iShares Micro-Cap ETF 0.4 60 -4 -0.8 -15.8
COPY Tweedy, Browne Insider + Value ETF 0.4 80 -24 11.8 -3.2
LGDX Intech S&P Large Cap Diversified Alpha ETF 0.4 25 31 5.3 -9.7
NUDV Nuveen ESG Dividend ETF 0.4 26 30 7.6 -7.4
SELV SEI Enhanced Low Volatility U.S. Large Cap ETF 0.4 15 41 6.6 -8.5
ETHO Etho Climate Leadership U.S. ETF 0.4 47 9 5.3 -9.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.4 64 -8 2.2 -12.8
AVUQ Avantis U.S. Quality ETF 0.4 15 41 4.3 -10.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 41 5.9 -9.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.4 38 18 9.1 -6.0
HAPS Harbor Human Capital Factor US Small Cap ETF 0.4 60 -4 3.9 -11.1
DFVX Dimensional US Large Cap Vector ETF 0.3 22 34 6.2 -8.8
HAPI Harbor Human Capital Factor US Large Cap ETF 0.3 36 20 4.8 -10.2
VFMO Vanguard U.S. Momentum Factor ETF 0.3 13 43 2.9 -12.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.3 12 44 4.4 -10.6
GVUS Marketbeta Russell 1000 Value Equity ETF 0.3 12 44 6.5 -8.5
DFAE Dimensional Emerging Core Equity Market ETF 0.3 35 21 9.1 -5.9
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 0.3 95 -39 0.5 -14.5
DCOR Dimensional US Core Equity 1 ETF 0.3 14 42 5.3 -9.7
DFSU Dimensional US Sustainability Core 1 ETF 0.3 18 38 5.3 -9.7
IWD iShares Russell 1000 Value ETF 0.3 19 37 6.4 -8.6
VONV Vanguard Russell 1000 Value ETF 0.3 7 49 6.5 -8.5
VIG Vanguard Dividend Appreciation ETF 0.3 5 51 5.5 -9.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 17 5.8 -9.2
ESIX SPDR S&P SmallCap 600 ESG ETF 0.3 12 44 7.9 -7.1
COWZ Pacer US Cash Cows 100 ETF 0.3 49 7 9.5 -5.5
EVUS iShares ESG Aware MSCI USA Value ETF 0.3 18 38 6.5 -8.6
IUSV iShares Core S&P US Value ETF 0.3 4 52 6.4 -8.6
BFOR ALPS Barron's 400 ETF 0.3 65 -9 5.9 -9.1
RWL Invesco S&P 500 Revenue ETF 0.3 39 17 6.8 -8.3
LQPE PEO AlphaQuest Thematic PE ETF 0.3 125 -69 5.1 -9.9
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 26 6.5 -8.5
IMCG iShares Morningstar Mid-Cap Growth ETF 0.3 6 50 4.0 -11.0
PFM Invesco Dividend Achievers ETF 0.3 53 3 5.2 -9.8
ITB iShares U.S. Home Construction ETF 0.3 40 16 10.2 -4.8
SCHV Schwab U.S. Large-Cap Value ETF 0.3 4 52 6.7 -8.4
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.2 5 51 8.0 -7.1
DGRO iShares Core Dividend Growth ETF 0.2 8 48 6.5 -8.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.2 12 44 7.3 -7.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 0.2 9 47 5.1 -9.9
DXIV Dimensional International Vector Equity ETF 0.2 34 22 7.7 -7.3
VYM Vanguard High Dividend Yield Index ETF 0.2 6 50 6.9 -8.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 44 7.3 -7.7
DFAU Dimensional US Core Equity Market ETF 0.2 12 44 5.0 -10.0
VSLU Applied Finance Valuation Large Cap ETF 0.2 49 7 5.5 -9.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 0.2 10 46 4.9 -10.1
VIS Vanguard Industrials ETF 0.2 9 47 4.6 -10.5
HLAL Wahed FTSE USA Shariah ETF 0.2 50 6 4.7 -10.3
DFIV Dimensional International Value ETF 0.2 27 29 9.5 -5.5
VALQ American Century U.S. Quality Value ETF 0.2 29 27 7.7 -7.4
IVE iShares S&P 500 Value ETF 0.2 18 38 6.2 -8.9
SPYV SPDR Portfolio S&P 500 Value ETF 0.2 4 52 6.3 -8.7
VOOV Vanguard S&P 500 Value ETF 0.2 7 49 6.3 -8.7
ESGU iShares ESG Aware MSCI USA ETF 0.2 15 41 4.7 -10.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 26 7.7 -7.3
DGRW WisdomTree US Quality Dividend Growth Fund 0.2 28 28 5.4 -9.6
NULC Nuveen ESG Large-Cap ETF 0.2 21 35 4.7 -10.4
SGLC SGI U.S. Large Cap Core ETF 0.2 85 -29 3.9 -11.1
FDMO Fidelity Momentum Factor ETF 0.2 15 41 3.6 -11.4
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.2 11 45 4.8 -10.2
ILCV iShares Morningstar Value ETF 0.2 4 52 6.4 -8.6
APUE ActivePassive U.S. Equity ETF 0.2 45 11 4.6 -10.4
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 26 7.6 -7.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.2 3 53 5.1 -9.9
VTV Vanguard Value ETF 0.2 4 52 6.8 -8.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.2 35 21 9.4 -5.7
DFUS Dimensional U.S. Equity ETF 0.2 9 47 4.8 -10.3
SUSL iShares ESG MSCI USA Leaders ETF 0.2 10 46 4.9 -10.1
IWV iShares Russell 3000 ETF 0.2 20 36 4.7 -10.3
VTI Vanguard Total Stock Market ETF 0.2 3 53 4.8 -10.2
FQAL Fidelity Quality Factor ETF 0.2 15 41 5.6 -9.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 53 4.8 -10.2
VTHR Vanguard Russell 3000 ETF 0.2 7 49 4.8 -10.2
SCHB Schwab U.S. Broad Market ETF 0.2 3 53 5.0 -10.1
SCHK Schwab 1000 Index ETF 0.2 5 51 4.9 -10.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 0.2 45 11 4.4 -10.6
EBI Longview Advantage ETF 0.2 35 21 6.5 -8.5
USXF iShares ESG Advanced MSCI USA ETF 0.2 10 46 4.6 -10.5
DSPY Tema S&P 500 Historical Weight ETF 0.2 18 38 5.1 -9.9
IWB iShares Russell 1000 ETF 0.2 15 41 4.8 -10.2
VONE Vanguard Russell 1000 ETF 0.2 7 49 4.9 -10.2
EGLE Global X S&P 500 U.S. Revenue Leaders ETF 0.2 19 37 5.3 -9.7
USCA Xtrackers MSCI USA Climate Action Equity ETF 0.2 7 49 5.0 -10.0
FLQL Franklin LibertyQ U.S. Equity ETF 0.2 15 41 5.3 -9.8
IYY iShares Dow Jones U.S. ETF 0.1 20 36 4.7 -10.3
IYJ iShares U.S. Industrials ETF 0.1 40 16 4.7 -10.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 47 5.6 -9.4
CALF Pacer US Small Cap Cash Cows 100 ETF 0.1 59 -3 10.7 -4.3
SPXT ProShares S&P 500 Ex-Technology ETF 0.1 9 47 5.5 -9.5
BKLC BNY Mellon US Large Cap Core Equity ETF 0.1 0 56 4.9 -10.2
VOTE TCW Transform 500 ETF 0.1 5 51 4.8 -10.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 23 9.8 -5.2
IQSU IQ Candriam U.S. Large Cap Equity ETF 0.1 9 47 4.8 -10.2
FLEE Franklin FTSE Europe ETF 0.1 9 47 7.3 -7.7
PRXV Praxis Impact Large Cap Value ETF 0.1 36 20 6.5 -8.6
QUS SPDR MSCI USA StrategicFactors ETF 0.1 15 41 5.7 -9.3
XMAG Defiance Large Cap ex-Mag 7 ETF 0.1 35 21 5.1 -9.9
TXS Texas Capital Texas Equity Index ETF 0.1 49 7 5.6 -9.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 36 5.6 -9.4
IWP iShares Russell Mid-Cap Growth ETF 0.1 23 33 3.4 -11.6
SCHX Schwab U.S. Large-Cap ETF 0.1 3 53 4.9 -10.1
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 43 6.4 -8.7
DTD WisdomTree U.S. Total Dividend Fund 0.1 28 28 6.3 -8.8
EPS WisdomTree U.S. LargeCap Fund 0.1 8 48 5.6 -9.4
RVRB Reverb ETF 0.1 30 26 4.5 -10.5
PBUS Invesco MSCI USA ETF 0.1 4 52 4.8 -10.2
ILCB iShares Morningstar U.S. Equity ETF 0.1 3 53 4.8 -10.3
VT Vanguard Total World Stock ETF 0.1 6 50 5.8 -9.2
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 47 4.7 -10.4
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 47 5.2 -9.9
TOV JLens 500 Jewish Advocacy U.S. ETF 0.1 18 38 4.6 -10.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 0.1 2 54 4.9 -10.2
SPXN ProShares S&P 500 Ex-Financials ETF 0.1 9 47 4.9 -10.2
SPXV ProShares S&P 500 Ex-Health Care ETF 0.1 9 47 4.6 -10.4
DFIC Dimensional International Core Equity 2 ETF 0.1 23 33 7.3 -7.7
QVML Invesco S&P 500 QVM Multi-factor ETF 0.1 11 45 5.1 -9.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.1 12 44 4.5 -10.5
ACVF American Conservative Values ETF 0.1 75 -19 4.3 -10.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 0.1 20 36 5.0 -10.0
SPXE ProShares S&P 500 Ex-Energy ETF 0.1 9 47 4.7 -10.3
XVV iShares ESG Screened S&P 500 ETF 0.1 8 48 4.7 -10.3
OPTZ Optimize Strategy Index ETF 0.1 50 6 4.6 -10.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 0.1 20 36 4.6 -10.4
GVLU Gotham 1000 Value ETF 0.1 50 6 8.8 -6.2
CATH Global X S&P 500 Catholic Values Custom ETF 0.1 29 27 4.6 -10.4
IVV iShares Core S&P 500 ETF 0.1 3 53 4.9 -10.1
SPLG SPDR Portfolio S&P 500 ETF 0.1 2 54 4.9 -10.1
SPY SPDR S&P 500 ETF Trust 0.1 9 47 4.8 -10.2
VOO Vanguard S&P 500 ETF 0.1 3 53 4.9 -10.1
STRV Strive 500 ETF 0.1 5 51 4.8 -10.3
URTH iShares MSCI World ETF 0.1 24 32 5.0 -10.0
TOK iShares MSCI Kokusai ETF 0.1 26 30 5.0 -10.0
AIEQ AI Powered Equity ETF 0.1 75 -19 3.7 -11.3
ZSB USCF Sustainable Battery Metals Strategy Fund 0.1 61 -5 8.1 -6.9
AVSE Avantis Responsible Emerging Markets Equity ETF 0.1 33 23 8.3 -6.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.1 21 35 3.7 -11.4
PRNT 3D Printing ETF 0.1 66 -10 1.3 -13.7
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 26 5.9 -9.1
ACWI iShares MSCI ACWI ETF 0.1 32 24 5.5 -9.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 27 4.5 -10.6
VV Vanguard Large-Cap ETF 0.1 4 52 4.8 -10.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 44 5.1 -9.9
IUSG iShares Core S&P U.S. Growth ETF 0.1 4 52 4.1 -10.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 0.1 7 49 4.8 -10.3
THRO iShares U.S. Thematic Rotation Active ETF 0.1 90 -34 4.0 -11.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 53 6.9 -8.1
XCNY SPDR S&P Emerging Markets ex-China ETF 0.1 15 41 7.7 -7.3
DFAI Dimensional International Core Equity Market ETF 0.1 18 38 7.1 -8.0
JQUA JPMorgan U.S. Quality Factor ETF 0.1 12 44 5.9 -9.2
SFY SoFi Select 500 ETF 0.1 0 56 4.4 -10.7
STXG Strive 1000 Growth ETF 0.1 18 38 3.8 -11.2
ILCG iShares Morningstar Growth ETF 0.1 4 52 3.6 -11.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.1 75 -19 4.0 -11.0
FNDC Schwab Fundamental International Small Co. Index ETF 0.1 39 17 5.7 -9.3
USCL iShares Climate Conscious & Transition MSCI USA ETF 0.0 8 48 4.9 -10.1
HKND Humankind US Stock ETF 0.0 11 45 7.1 -8.0
JAVA JPMorgan Active Value ETF 0.0 44 12 6.4 -8.7
DLN WisdomTree U.S. LargeCap Dividend Fund 0.0 28 28 5.9 -9.1
FIDU Fidelity MSCI Industrial Index ETF 0.0 8 48 4.5 -10.5
DEHP Dimensional Emerging Markets High Profitability ETF 0.0 41 15 6.6 -8.5
DFSI Dimensional International Sustainability Core 1 ETF 0.0 24 32 6.3 -8.7
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF 0.0 10 46 5.1 -9.9
FSST Fidelity Sustainable U.S. Equity ETF 0.0 59 -3 4.3 -10.7
DHS WisdomTree U.S. High Dividend Fund 0.0 38 18 8.0 -7.0
GSPY Gotham Enhanced 500 ETF 0.0 50 6 5.2 -9.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 15 8.5 -6.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 4 52 8.0 -7.0
INRO iShares U.S. Industry Rotation Active ETF 0.0 42 14 4.2 -10.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 42 4.8 -10.2
SCHG Schwab U.S. Large-Cap Growth ETF 0.0 4 52 4.0 -11.1
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -33 4.8 -10.2
IWF iShares Russell 1000 Growth ETF 0.0 19 37 4.3 -10.7
VONG Vanguard Russell 1000 Growth ETF 0.0 7 49 4.4 -10.6
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 44 4.4 -10.6
AVDV Avantis International Small Cap Value ETF 0.0 36 20 9.3 -5.7
DUHP Dimensional US High Profitability ETF 0.0 21 35 6.3 -8.7
VWO Vanguard FTSE Emerging Markets ETF 0.0 7 49 10.0 -5.0
DFIS Dimensional International Small Cap ETF 0.0 39 17 7.2 -7.8
SPRX Spear Alpha ETF 0.0 75 -19 0.3 -14.8
AVIV Avantis International Large Cap Value ETF 0.0 25 31 8.5 -6.5
VXUS Vanguard Total International Stock ETF 0.0 5 51 7.8 -7.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 VanEck Steel ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 56 bp
Equals: ALTAR Score 15.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.58
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.